International Journal of Neutrosophic Science
IJNS
2690-6805
2692-6148
10.54216/IJNS
https://www.americaspg.com/journals/show/4007
2020
2020
Quantifying Uncertainty in Economic Growth Prediction Using the Neutrosophic Muth Distribution
College of Business Administration in Hawtat Bani Tamim, Prince Sattam Bin Abdulaziz University, Al-Kharj, 11942, Saudi Arabia
Anas
Anas
Uncertainty, imprecision, and incomplete information are commonly found in complex economic and financial systems, and traditional probabilistic models are thus inadequate to accurately model and forecast these systems. In this work, a new extension of the Muth distribution in the neutrosophic environment is presented leading to the neutrosophic Muth distribution (NMD). This new model introduces neutrosophic parameters aiming to quantify vague and uncertain information and provides a flexible and robust approach to modeling right-skewed economic data. Some key characteristics including the density function and cumulative distribution function, moment generating function, and origin moments are obtained in the neutrosophic framework. The study of a model treated under uncertainty is described and an inferential method transforming it into neutrosophic maximum likelihood by interval-valued data is discussed. A real-world financial dataset is considered in order to prove the usefulness of the proposed distribution. The findings emphasize that the proposed distribution has the potential to be a comprehensive, flexible, and potential model for handling uncertainty in economics and finance data.
2026
2026
95
109
10.54216/IJNS.270209
https://www.americaspg.com/articleinfo/21/show/4007